[198 Pages Report] The Consumer Electronics Wireless Charging Market size was estimated at USD 7.21 billion in 2023 and expected to reach USD 8.56 billion in 2024, at a CAGR 18.77% to reach USD 24.06 billion by 2030.
Consumer electronics wireless charging refers to the process of electrically charging battery-powered devices and equipment without needing a physically wired electrical connection. This technology enables the transfer of power through the air by utilizing electromagnetic fields to charge various consumer electronic devices more efficiently, such as smartphones and wearable devices. Growing penetration of smartphones and wearable devices globally, along with the rising consumer shift toward electric vehicles, boosts the innovations in wireless charging. However, the high cost of integrating wireless charging technology into devices can be prohibitive for manufacturers and consumers. In addition, the lack of standardized technologies leads to compatibility issues between devices and charging stations. Furthermore, continuous improvements in wireless charging technologies increase efficiency and compatibility and pose significant opportunities for market expansion.
The receiver IC and modules are pivotal within the wireless charging market. These components are embedded into smartphones, wearables, and earbuds, enabling them to receive power wirelessly from a charging pad or stand. The need for receiver ICs and modules has surged with the increasing adoption of wireless charging in consumer electronics. Transmitter ICs and modules form the backbone of the wireless charging transmitter systems. These components are integrated into charging pads or stands and generate an electromagnetic field to transfer power wirelessly to a receiver. Transmitter systems comprise the physical products consumers use to charge their devices wirelessly. This includes charging pads, stands, and built-in solutions in furniture and vehicles. The design, user interface, and functionalities of these systems significantly impact the consumer's charging experience.
Wireless charging for laptops and tablets is still in its nascent stage, responding to the need for convenience and reduced cable clutter. Users seek seamless integration between their work and lifestyle gadgets, emphasizing the need for longer battery life and shorter charging times. In the medical sector, wireless charging offers the critical benefit of maintaining sterile conditions and reducing the risks associated with connectors and cables. Medical devices, including wearable sensors and small diagnostic equipment, are increasingly adopting wireless charging to ensure reliability and hygiene. Smartphones represent the most mature segment in the wireless charging market. Consumer demand for convenience and the aesthetic appeal of wireless chargers drive growth in this sector. Wearable devices, including smartwatches, fitness trackers, and earbuds, prioritize compact design and convenience, making wireless charging an ideal solution. The integration of wireless charging helps users manage fewer cables and enjoy faster, hassle-free charging solutions.
In the Americas encompassing the United States & Canada, the proliferation of high-end smartphones and wearable devices has catalyzed the demand for wireless charging. Consumers prioritize convenience and are increasingly inclined toward products integrating Qi-standard chargers. Investment in wireless charging infrastructure, particularly in public spaces and automotive, signifies a robust growth trajectory. Stringent environmental regulations and a high degree of technological adoption drive the European Union market for wireless charging. Investments are geared towards innovative charging solutions for electric vehicles (EVs), underpinning the shift towards sustainability. Customer purchasing behavior leans towards devices that offer convenience and sustainability and are from brands committed to reducing carbon footprints. With a surge in luxury and tech-savvy consumer segments, the Middle East is keenly interested in advanced technologies, including wireless charging for consumer electronics and automotive. In the APAC region, China and Japan's market for wireless charging technology is buoyed by its massive manufacturing base and burgeoning consumer electronics segment. Government initiatives encouraging wireless charging applications, especially in public transportation and electric vehicle sectors, alongside impressive R&D efforts, place these countries at the forefront of wireless charging innovation.
The FPNV Positioning Matrix is pivotal in evaluating the Consumer Electronics Wireless Charging Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Consumer Electronics Wireless Charging Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Promate Announces Transparent Series Wireless Chargers for Android And iPhone
Promate unveiled its innovation in consumer electronics wireless charging, the Transparent Series, in collaboration with Amazon. This series comprises the AuraFold, TransFold, and MagRing products, all employing MagSafe technology to deliver compatibility across all mobile phones, including iPhones. [Published On: 2023-12-31]
Belkin Unveils Next Generation Wired and Wireless Charging Products at CES 2024
Belkin International, Inc. introduced four cutting-edge products in its mobile power and connectivity lineup. Belkin's latest offerings harness the power of the new Qi2 standard, ensuring faster and more dependable wireless charging that is not only capable of delivering high power to charge laptops and other devices efficiently but is also remarkably compact, signaling a significant advancement in charger design and sustainability efforts. [Published On: 2023-01-08]
Wi-Charge Joins Forces with Belkin to Apply its Over-the-Air Wireless Power Technology to Consumer Products
Wi-Charge joined forces with consumer electronics giant Belkin to enhance customer charging experiences, emphasizing the shift towards a wireless future. This partnership focuses on integrating Wi-Charge's innovative over-the-air charging technology, acclaimed for its safety, eco-friendliness, and regulatory compliance, into Belkin's forthcoming products. [Published On: 2022-04-27]
The report delves into recent significant developments in the Consumer Electronics Wireless Charging Market, highlighting leading vendors and their innovative profiles. These include Aira, Inc., Anker Innovations, Eggtronic Engineering S.p.A., Electreon Wireless Ltd., Energizer Holdings, Inc., Energous Corp., Fulton Innovation LLC, Guangzhou Guan Su Ge Technology Co., Ltd., Huanyu Electronics Industrial Co., Limited, Murata Manufacturing Co., Ltd., Ossia Inc., Panasonic Holdings Corporation, Powermat Technologies Ltd., PULS GmbH, Qualcomm Inc., Renesas Electronics Corporation, Resonant Link, Samsung Electronics Co., Ltd., Sony Corporation, Texas Instruments Incorporated, Waprsolution Co.,Ltd., Wi-Charge, WiBotic, Wireless Power Consortium, Inc., and WiTricity Corporation.
This research report categorizes the Consumer Electronics Wireless Charging Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Product
- Receiver IC & Modules
- Transmitter IC & Modules
- Transmitter Systems
- Technology
- Inductive
- Radio Frequency
- Resonant
- Device
- Laptops & Tablets
- Medical Devices
- Smartphones
- Wearable Devices
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
- What is the market size and forecast of the Consumer Electronics Wireless Charging Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Consumer Electronics Wireless Charging Market?
- What are the technology trends and regulatory frameworks in the Consumer Electronics Wireless Charging Market?
- What is the market share of the leading vendors in the Consumer Electronics Wireless Charging Market?
- Which modes and strategic moves are suitable for entering the Consumer Electronics Wireless Charging Market?
- Preface
- Research Methodology
- Executive Summary
- Market Overview
- Market Insights
- Consumer Electronics Wireless Charging Market, by Product
- Consumer Electronics Wireless Charging Market, by Technology
- Consumer Electronics Wireless Charging Market, by Device
- Americas Consumer Electronics Wireless Charging Market
- Asia-Pacific Consumer Electronics Wireless Charging Market
- Europe, Middle East & Africa Consumer Electronics Wireless Charging Market
- Competitive Landscape
- Competitive Portfolio
- List of Figures [Total: 22]
- List of Tables [Total: 288]
- List of Companies Mentioned [Total: 25]
- How big is the Consumer Electronics Wireless Charging Market?
- What is the Consumer Electronics Wireless Charging Market growth?
- When do I get the report?
- In what format does this report get delivered to me?
- How long has 360iResearch been around?
- What if I have a question about your reports?
- Can I share this report with my team?
- Can I use your research in my presentation?